Recently, Eoin MacNeill, Hertz's Vice President, APAC made the following 
comments to reinforce that it is business as usual for Hertz in Asia:

"The short term self-drive vehicle rental industry, of which Hertz is a key 
player, has been deeply impacted around the world by the COVID-19 pandemic and 
the consequent downturn in domestic and international travel. However, Hertz 
continues to operate as normal in Asia. This includes the following regions; 
Singapore, Guam, Saipan, Thailand, Malaysia, Taiwan, Hong Kong, Brunei, 
Pakistan, Cambodia, Vietnam, Macao, Japan, Philippines, Korea, India and 
Mainland China.

"The decision by Hertz Global Holdings and certain of its U.S. and Canadian 
subsidiaries to voluntarily file for reorganization under Chapter 11 in the 
United States Courts has no material impact on Hertz operations in Asia which 
each operate under franchise arrangements. 

"Customers can expect the same high level of service and reliability with 
enhanced cleaning protocols for extra peace of mind and Hertz loyalty programme 
points and rewards are not affected. 

"It's business as usual for Hertz in Asia. Hertz locations are open across the 
APAC region and ready to help customers with their rental needs – whether for 
business or leisure purposes.  All Hertz reservation, loyalty and customer 
programs continue to operate, including Hertz Gold Plus Rewards as well as our 
rewards, coupon and voucher programs.

"Since the pandemic began, we have undertaken a range of measures to reduce 
costs and ensure we keep the business as robust as possible in both markets. We 
have cut all discretionary spending, reduced labour costs and sought new rental 
agreements with landlords. We have also been de-fleeting our network, and 
de-registering unused vehicles."

Background:

The term 'Chapter 11' is specific to the U.S. legal environment and describes 
the move by a company to file for protection while management works on a 
financial restructure. It does not equate to bankruptcy, in the sense that many 
people understand that word.

The decision by the U.S. organisation to enter Chapter 11 will no doubt provide 
positive benefits in the medium-longer term as it will allow the Hertz business 
to continue operating while it deals with the continuing effects of coronavirus 
and positions itself for growth. 

So effectively it's 'business as usual' for Hertz APAC, as we look to prepare 
our operations for the recovery phase as lock-downs are lifted and corporate 
and leisure travellers start to return to the market.

We are confident we're taking the right steps to protect Hertz across the APAC 
region for the economic rebound and we'd like to thank our franchisees, staff 
and valued customers for their continuing support.

Source: Hertz APAC